Summary - LOW LIGHT HOUSE, FISH QUAY, NORTH SHIELDS NE30 1JA
1 bed 1 bath Office
**Standout Features:**
- Prime location at Fish Quay, North Shields
- Unique two-story design with attractive brick façade
- Ground floor currently leased to tenants including Fishermen's Mission and Defra
- Superb views from the first floor overlooking the sea
- Strong net income of £22,850 per annum with short leases offering future conversion flexibility
- Long leasehold interest of 125 years starting from October 2023
**Potential Concerns:**
- Ground rent of £4,500 per annum, with rent reviews every five years based on RPI
- Local crime rate above average
This unique two-story office space is perfectly positioned in the vibrant Fish Quay area of North Shields, just 8 miles east of Newcastle upon Tyne. The property features a charming brick façade and an inviting slate roof, appealing to both investors and potential owner-occupants. With a generous 3,115 square feet, it currently accommodates small studio units on the ground floor, generating a reliable net income of £22,850 annually. The first floor is in excellent decorative condition, boasting stunning protected views of the sea, perfect for future redevelopment into a café, restaurant, or other Class E uses, enhancing its value.
Step outside to enjoy the bustling local amenities, including restaurants, cafes, and beautiful waterfronts, which contribute to the area's charm and future growth potential. While the property is located in an area with a higher crime rate, the investment opportunity presented by the current leasing structure and long leasehold term cannot be overlooked. This is an ideal choice for those looking to invest in a dynamic region on the rise or to occupy a premium space ripe for personalization and expansion. Don’t miss out on this extraordinary opportunity—properties like this are rarely available!
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